abrdn Global Enhanced Fixed Income Fund (ABGFIX)
THB

The Fund will mainly invest in units of a foreign fund, abrdn SICAV I - Short Dated Enhanced Income Fund ('Master Fund'), with net exposure at least 80% of its NAV, on average, in any accounting period. The Fund Manager has discretion, but will typically aim to hedge at least 90% of the exchange rate risk between the base currency of the fund (THB) and the Master Fund (USD).

The Master Fund's investment objective is to achieve long-term total return combined with liquidity (by virtue of the high quality shortdated nature of the portfolio), whilst aiming to avoid loss of capital. The objective is to be achieved by investing at least 70% of assets in Debt and Debt-Related Securities issued by corporations and governments anywhere in the world (including in Emerging Market countries) with a maturity of up to 5 years, including sub-sovereigns, inflation-linked and convertible bonds.

The Master Fund is actively managed.

The Master Fund aims to achieve a yield in excess of the Bloomberg Global Corporate Aggregate 1-3 Year Index (USD Hedged) over rolling three-year periods (before charges). There is however no certainty or promise that the Fund will achieve this level of return.

At least 50% of the Master Fund's assets will be invested in Investment Grade Debt and Debt-Related Securities issued by corporations worldwide, including in Emerging Market countries.

The Master Fund may invest up to 20% of assets in Sub-Investment Grade Debt and Debt-Related Securities.

There is no benchmark used for portfolio construction or as a basis for setting risk constraints in the management of the Master Fund. However, the investment team will seek to maintain a minimum average credit rating of A- and an average duration within a range of one year to two years for the portfolio in normal circumstances. While this may fluctuate, duration will not exceed two and a half years at any time.

The Master Fund may utilise financial derivative instruments for hedging and/or to manage foreign exchange risks, subject to the conditions and within the limits laid down by applicable laws and regulations.